Myriad Genetics MYGN
Myriad Genetics grants stock options to executives
Item 5.02 Executive or director change
- Form
- 8-K
- Filed
- Importance
- Major
- Accession
- 0001628280-26-072114
- 121,379 shares for CFO Benjamin R. Wheeler
- 146,933 shares for COO Mark S. Verratti
- 92,632 shares for CSO Dale Muzzey
- Options vest in 3 years and have 10-year term
Written from the 8-K on EDGAR. AI can make mistakes. Check the filing.
The reading, claim by claim
- Under Item 5.02, it reports that on November 6, 2026 the Compensation and Human Capital Committee of the Board approved one-time stock option awards, called Retention Option Awards, for certain executive officers, including its named executive officers.
- The filing says the awards are meant to promote the retention and continuity of the Company's leadership as it executes on initiatives designed to improve operational efficiencies and financial performance.
- They were granted under the 2026 Employee, Director and Consultant Equity Incentive Plan.
- Each award covers common stock with par value $0.01 per share.
- The exercise price equals the closing price on the grant date.
- The awards vest and become exercisable on the third anniversary of the grant date, subject to continued service, and have a term of ten years.
- Item 9.01 lists the form of stock option agreement as Exhibit 10.1.
7 of 8 claims matched the filing text.
Not found in the filing text
- For context, in its 10-Q for the quarter ended September 30, 2026, Myriad reported revenue of $202.7 million, a net income of -$43.9 million, and a revenue change of -1.5% from a year earlier.
From the filing
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; App
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Executive Retention Stock Option Awards
On November 6, 2026, the Compensation and Human Capital Committee (the "Committee") of the Board of Directors (the "Board") of Myriad Genetics, Inc. (the "Company") approved one-time equity awards in the form of stock options (the "Retention Option Awards") for certain executive officers of the Company, including its named executive officers1, in order to promote the retention and continuity of the Company's leadership as the Company executes on initiatives designed to improve operational efficiencies and financial performance.2
The Retention Option Awards were granted under the Company's 2026 Employee, Director and Consultant Equity Incentive Plan (the "2026 Plan").3 Retention Option Awards received by the Company's named executive officers, and the number of shares subject to such awards, are set forth in the table below:
Named Executive Officer
Title
Shares Subject to Retention Option Award
Benjamin R. Wheeler
Chief Financial Officer
121,379
Mark S. Verratti
Chief Operating Officer
146,933
Dale Muzzey
Chief Scientific Officer
92,632
Each Retention Option Award covers shares of the Company's common stock, par value $0.01 per share4, and has an exercise price per share equal to the closing price of the Company's common stock on the grant date.5 The Retention Option Awards will vest and become exercisable on the third anniversary of the grant date, subject to the recipient's continued service with the Company through such vesting date6 and the terms and conditions of the 2026 Plan and the related stock option agreement.
Each Retention Option Award will have a term of ten years6, subject to earlier termination in accordance with the terms of the 2026 Plan and the related stock option agreement. Under the related stock option agreement, if a recipient's service terminates other than due to death, disability or termination for cause, any vested portion of the option generally may remain exercisable for three months following termination. Upon a termination for cause, the option will terminate immediately, whether or not vested. In the event of the recipient's termination of employment, the Retention Option Awards will be subject to the terms of the recipient's applicable Severance and Change in Control Agreement with the Company.
The foregoing description of the Retention Option Awards is qualified in its entirety by reference to the form of stock option agreement under the 2026 Plan, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits.
Exhibit
Number
Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MYRIAD GENETICS, INC.
Date: November 9, 2026
By:
/s/ Benjamin R. Wheeler
Benjamin R. Wheeler
Chief Financial Officer
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